Alitalia's Rescue Gains Speed,
But Isn't Yet Off the Ground

ROME -- Alitalia SpA'S survival plan is finally gathering speed, but the Italian airline is likely to stay stuck in the slipstream of partner Air France for some time yet.

Air France in May announced a profit for the 12 months ended March 31 and said its outlook for this year is positive. In contrast, Alitalia -- which expects to cement its alliance with Air France with a share swap by the end of the year -- posted a &euro;907...